Invest in the American Dream – Investec American Fund
“The US stock market is as large as that of the rest of the world combined.”
Investec Asset Management
The Investec American Fund is a respected investment fund that focuses on US equities and aims for long term capital growth.
The Investec American Fund looks at the whole US stock market, seeking companies with a sound business basis which are priced at a discount to their intrinsic value. The investment fund reduces the whole US investment universe to a shortlist of 150 companies, which are then subjected to a rigorous fundamental analysis and an intensive research process to produce a final portfolio of 40-50 best picks. As different types of company are better suited to differing valuation methods, these are divided into what Investec calls 3 ‘style groups’ – Basic Value, Consistent Earners and Emerging Franchises. By spreading the investment fund’s portfolio across the 3 groups the Investec American Fund balances its investments so that it is well positioned for changing market conditions.
Investing in the Investec American Fund
Minimum lump sum investment is £1,000. There is a regular savings option of £100 per month.
The Investec American Fund was launched in September 2002 and has a four-star rating from Morningstar and a AA rating from OBSR. The fund’s benchmark index is the S&P 500 TR and the fund has outperformed its index in 4 of the last 5 years. The investment fund is managed for Investec by Thornburg Investment Management in San Diego.
Charges in the Investec American Fund
The initial fee for the investment fund is 4.5% and the annual management fee is 1.5%.
Who manages the Investec American Fund?
The managers of the investment fund are Edward Maran and Connor Browne.
Ed Maran is an ex-military officer and joined Investec’s US investment partner, Thornburg Investment Management, in 2002. He has wide investment fund expertise, particularly in the financial and oil and gas sectors.
Connor Browne is a Princeton graduate qualified in economics and finance. He divides his time between the Investec American Fund and the Thornburg Core Growth Fund.
What companies are currently in the Investec American Fund?
The top holdings in the investment fund are currently Conocophillips, Dell, Marathon Oil, Exxon Mobil, Gilead Sciences (pharaceuticals, 4000 employees, California), Fiserv (financial computer tech), Transocean (world’s largest offshore oil drilling co, 18,000 employees), Comcast (largest US cable/internet provider), JP Morgan Chase (banking), and Google.
The sectoral breakdown of the investment fund (April 2010, largest first) information technology, energy, healthcare, financials, consumer goods, industrials, telecoms, and utilities.
Are you interested in an investment in the Investec American Fund or one of our Principle First Fund Portfolios? Make an investment enquiry or freephone 0800 678 5929 now.
